The fuel prices have seen some real bump ups in recent days all around the world, especially in Nepal and India. Here is a detail of Nepal Petrol Price and Diesel price effective from 10th June 2022.
There are certainly multiple factors responsible for the price hike and the roaring inflation. Some of them include;
- Loss of Nepal Oil Corporation
- Price hike of fuels from the source country
- Transporter and Dealers margin
|Fuel Type||Price in Rupees (NRs)|
|LPG (14 Kgs)||Rs. 1800|
The rising price is a serious issue and needs to be checked. Reduction in consumption of fuel is probably the best alternative that we can do to help the situation. Just to acknowledge how critical the situation is, the latest news reads as
The Ministry of Finance (MoF) urges to reduce fuel consumption by 20% to ministries, agencies and public agencies
On the other side, the latest news also suggests that the Indian Oil Corporation(IOC) has just sent a new price list with a reduction in the price of Petrol by Rs Rs. 4.79. However, diesel price is up by Rs 2.02. It is worth waiting if the Nepal Oil Corporation(NOC) incorporates the price in their updated Nepal Petrol Price or not. The price of Crude oil(Nymex) in the international market is around $108 per barrel(198 Litres approx).